Walmart Inc (WMT)

[Gabridge]

Walmart not bidding on Whole Foods

Walmart is not planning to make a rival offer on Whole Foods Markets, avoiding a bidding war with Amazon, according to report.

The Arkansas-based supercenter giant is "not actively considering making an offer" Reuters reports, citing an unnamed "source familiar with the matter." The report cited another anonymous source saying Whole Foods has not received any offers to acquire the Austin-based chain besides Amazon's $13.7 billion bid announced June 16.

source

Interesting, it's the first time I heard Walmart was even thinking about placing its bid on Whole Foods. Looks like Amazon will grab this piece of the pie with no competition around.